Is 99208, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 99208 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 99208 has remained a Seller's Market.

Key Takeaway

99208 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 99208, WA

How much do homes in 99208, WA cost?

Median Sold Price

$459,929

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,929(+2.2%)

Key Takeaway

Homes in 99208 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 99208 was $459,929 in October 2024, up 2.2% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $207K$180K
-13.0%
2 $255K$252K
-1.2%
3 $415K$419.2K
+1.0%
4 $455K$455K
0.0%
5+ $585K$607K
+3.8%

Summary: 99208 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Zip Codes

99005
+6.3%
99208
+2.2%
99205
+1.8%
99218
+1.4%
99207
-3.1%

Housing Supply in 99208, WA

How many homes are available in 99208, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
271279+3.0%

Summary: The 99208 real estate market had 279 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1415
+7.1%
3 7878
0.0%
4 102113
+10.8%
5+ 7673
-3.9%

Summary: The 99208 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 3.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6761-9.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 99208, expect to pay close to the asking price. 39.3% of homes here sold near the asking price last month.

Summary: A total of 61 homes were sold or pending in 99208 in October 2024, down by 9.0% month-over-month. Of the 61 sold homes, 28% were sold under asking, 39% were sold at asking, and 33% were sold over asking.

Days on Market for 99208, WA

How long does it take to sell a home in 99208, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days33 Days-0.6%

Summary: Homes in 99208 had an average of 33 days on market in Oct 2024, down by 0.6% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 99208 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 61 homes were sold in 99208; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in 99208, WA

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